003 · Benchmarks
Nashville-Davidson ERS.
Targets, ranges and benchmarks as the document states them. Our copy of the IPS.
| Asset class | Bucket | Target | Range | Benchmark |
|---|---|---|---|---|
| Domestic Equity | Public Equity | 17% | 12–22% | — |
| International Equity | Public Equity | 12% | 7–17% | ACWI ex USMSCI All Country World ex USA (net) |
| Fixed Income | Fixed Income | 25% | 17–33% | Bloomberg US AggregateBloomberg Barclays U.S. Aggregate TR |
| Private Debt | Private Credit / Debt | 17% | 12–20% | ICE BofA High Yield Master IIBank of America Merrill Lynch High Yield Master II |
| Real Assets | Real Assets / Infrastructure | 9% | 5–12% | — |
| Private Equity | Private Equity | 20% | 15–23% | Russell 2000 |
| Cash | Cash | 0% | 0–5% | 3-Month T-BillFinancial Times Stock Exchange (FTSE) T-Bill 3 Months TR |
| Total Domestic Equity | Public Equity | — | — | Russell 3000 |
| Real Estate | Real Estate | — | — | NCREIFNational Council of Real Estate Investment Fiduciaries Property Index (NCREIF) |